to increase the Medicare levy and Medicare levy surcharge low-income threshold amounts for individuals, families and individual taxpayers and families eligible for the seniors and pensioners tax offset; and increase the phase-in limits as a result of the increased threshold amounts.

Introduced with the Northern Australia Infrastructure Facility Bill 2016, the bill amends the

Export Finance and Insurance Corporation Act 1991

to enable the Export Finance and Insurance Corporation to: assist the Northern Australia Infrastructure Facility; assist, on agreement, the states and territories; and charge fees to the facility and the states and territories for the services it provides in performing its functions for them.

Introduced with the Northern Australia Infrastructure Facility (Consequential Amendments) Bill 2016, the bill establishes the Northern Australia Infrastructure Facility and a Board of the Facility to make investment decisions for the facility; and provides up to $5 billion in concessional finance over five years to provide financial assistance to state and territory governments to develop economic infrastructure in the Northern Territory and northern parts of Western Australia and Queensland.

to enable financial institutions to comply with internationally-agreed margining requirements when dealing in over-the-counter derivatives; and provide legal certainty about the operation of Australian law in relation to termination rights under certain financial market transactions and approved Real Time Gross Settlement systems, approved netting arrangements and netting markets in all market conditions. Also makes consequential amendments to five Acts.

to increase the maximum number of board members of the National Disability Insurance Scheme Launch Transition Agency to 12 members, including the Chair; and clarify the quorum arrangements for board meetings.

to: remove the requirement that an ESVCLP divest an investment in an entity once the value of the entity’s assets exceeds $250 million; provide that an entity can invest in another entity and remain an eligible venture capital investment; and enable foreign venture capital funds of funds to hold more than 30 per cent of the committee capital of an ESVCLP and extend their access to capital gains tax and other income tax concessions in relation to eligible venture capital investments; and

Income Tax Assessment Act 1936

and

Taxation Administration Act 1953

to enable a managed investment trust to disregard its investment in, and through, an ESVCLP or venture capital limited partnership when determining if it is a trading trust.